Such as for active traders, online brokers with low to no commissions and hi-tech mobile trading platforms are most ideal. Based on this criteria, we have outlined the brokerage firms below that make it on our list of the 10 best online brokers for non-US residents.īrokerage firms and investment companies have been evaluated based on their provided services that are important to various types of investors. By researching pricing related matters, you will be able to select a brokerage firm that is within your budget.īy now you understand that an online broker should offer a reasonable minimum investment amount, trading platforms with top features, top customer service facilities and no additional account fees. Other additional fees could be withdrawal fees and commissions. You must look out for the brokers minimum balance, the fees you will have to pay per trade, due fee in case of inactivity. It is also important to consider what investor protection law you are under. If they do have a valid SSL, their trading platform URL will be a secure one. The firm must have an authentic SSL certificate. One feature to check out is the platform’s security. This is very important especially when it comes to your own funds. When it comes to products, look for a broker that will allow you to trade with all US stocks as well as mutual funds, forex, and futures, among others. For example, the online company may offer access to top stock markets like the London Stock Exchange, NYSE, and NASDAQ but not those markets of Japan and China. This should be relative to what may be geographically possible. It is important to consider the type of products offered by the broker. Let's first start with the products offered. Also, there are brokers who will demand for legitimate visa information and the W-8BEN form among other requirements.īefore considering an online broker, you should consider the factors outlined below: There are firms that will allow online applications while others will require paper filings. Before you open an account, it is wise to consult with the brokerage firm. If you are a non-US citizen than you need to know that there are many rules and regulations surrounding the opening of a brokerage account. Secondly, comparing brokers and finding the one suitable for you can be quite tricky. For starters, you may end up selecting a broker who promises something he cannot deliver, and you end up in loss. Above all else, online trading is more cost-effective compared to trading through a traditional broker and the market offers some of the most desirable goals people could want like financial gain and more time to pursue hobbies.Īs a non-US citizen who is interested in the US stock exchange, finding the right stockbroker can be super frustrating. By taking advantage of market discrepancies, it allows traders and investors an opportunity of implementing their strategies. It also facilitates faster execution of traders, helping to take advantage of the volatility in a better manner. It is convenient for many, as you can place orders, check quotes, and make changes from anywhere. Why online trading? Well, trading is one of the most lucrative professions that anyone can engage in. Currently, there are no regulations that stop online traders from trading in US markets. Thanks to the success and high-profile trading engaged in US markets, non-US citizens have been wondering if they can trade in these markets too. For example, Alibaba Group Holding Limited ( NYSE: BABA), GameStop Corp Holding Company ( NYSE:GME), Coca Cola Company ( NYSE:KO), Pinterest Inc ( NYSE:PINS), Twitter Inc ( NYSE:TWTR) etc. Amongst many of the companies listed on the US Stock Exchange there are many you have probably heard of already. Both markets offer US traders and investors a chance of buying and selling stock for publicly traded companies. Two of the most lucrative stock markets in the US include the NYSE and NASDAQ. stock market is the go-to destination for all investing opportunities. Whether you are a foreigner living in the United States or a citizen of another country in the world, the U.S. If you want to find out who are the best online brokers for non-us residents keep on reading so that you can be a part of the world of Non-US residents online trading soon enough! Click to skip ahead and jump to the 5 best online brokers for non-US residents.Īre you a US visa holder or a Non-US resident looking to invest into the US stock market? Finding a broker may seem complicated, but there are actually a few brokers out there that are by far the best brokers for Non-US residents which allow people from many countries to register. In this article we are going to list the 10 best online brokers for non-US residents.
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